Global Surfaces Limited IPO Detail
Incorporated in 1991, Global Surfaces Limited is engaged in processing natural stones and manufacturing engineered quartz.
Natural stones are produced through complex geological processes and forms various products like granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth.
The company has two units, one located at RIICO Industrial Area, Bagru Extn, Bagru, Jaipur, Rajasthan, and the other at Mahindra World City SEZ, Jaipur, Rajasthan. Both units engage in the processing and manufacturing of the products.
The products of Global Surfaces Limited have applications in flooring, wall cladding, countertops, cut-to-size, and other items. The products are widely used for commercial and residential industries and are sold within and outside India.
Company Promoters
Mayank Shah is the Promoter of the Company.IPO Details
| IPO Opening Date | Mar 13, 2023 |
| IPO Closing Date | Mar 15, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹133 - 140 per equity share |
| Market Lot | 100 Shares |
| Min Order Quantity | 100 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹154.98 Cr |
| Fresh Issue | 8,520,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Offer for Sale | 2,550,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.01x | - | - | 0.57x | 0.62x | 0.43x |
| Day 2 | 0.04x | - | - | 1.66x | 1.47x | 1.10x |
| Day 3 | 8.95x | - | - | 33.10x | 5.12x | 12.21x |
IPO Tentative Timetable
The Global Surfaces Limited IPO open date is Mar 13, 2023, and the close date is Mar 15, 2023. The issue may list on Mar 23, 2023.
| IPO Open Date | Mar 13, 2023 |
| IPO Close Date | Mar 15, 2023 |
| Basis of Allotment Date | Mar 20, 2023 |
| Initiation of Refunds | Mar 21, 2023 |
| Credit of Shares to Demat Account | Mar 22, 2023 |
| IPO Listing Date | Mar 23, 2023 |
IPO Lot Size
The Global Surfaces Limited IPO market lot size is 100 shares. A retail-individual investor can apply for up to 14 lots (1400 shares or ₹196000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 100 | ₹14000 |
| Maximum | 14 | 1400 | ₹196000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.35% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crore)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 159.00 | 179.00 | 33.93 |
| 31-Mar-22 | 236.48 | 198.36 | 35.63 |
| 30-Sep-22 | 280.20 | 99.25 | 13.59 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Investment in the wholly owned subsidiary, Global Surfaces FZE for part-financing its capital expenditure requirements in relation to the setting up of a manufacturing facility for engineered quartz at The Jebel Ali Free Zone, Dubai, United Arab Emirates (UAE);
- General corporate purposes.
Global Surfaces Limited IPO Registrar:
Bigshare Services Pvt Ltd
Global Surfaces Limited IPO Lead Manager(s):
Unistone Capital Pvt Ltd
Company Contact Information:
Global Surfaces Limited
Plot No. PA-10-006, Engineering and Related Industries SEZ, Mahindra World City, Sanganer
Jaipur
Jaipur
